Pzena Investment Management Discloses 5.1% Passive Stake In Universal Health Services Class B Shares
The 2,639,500-share holding is reported as of September 30, with the firm certifying it has no aim of influencing control.
Pzena Investment Management holds 5.1% of Universal Health Services' Class B common stock, or 2,639,500 shares, according to a Schedule 13G passive ownership filing made Monday. The filing reports the position as of a September 30 event date.
What the filing says
Pzena, which lists a New York address and filed as a registered investment adviser, reports sole voting power over 2,260,923 shares and no shared voting power.
The filing says Pzena's clients have the right to receive dividends from the shares, or the proceeds of selling them, and that no single client's interest relates to more than 5% of the class.
What it changes
A Schedule 13G is the form filed by holders that say they are not seeking control. Pzena certified that the shares were acquired and are held in the ordinary course of business, not to change or influence control of the company, and not as part of any transaction with that purpose or effect.
The filing covers only the Class B common stock of the hospital operator, which is based in King of Prussia, Pennsylvania.
In Monday trading, as of 11:28 a.m. ET, Universal Health Services shares were at $183.22, down about 1% from the prior close of $185.10. The company's market value was about $10.9 billion at that point.
The filing is a passive disclosure: Pzena certifies it is not seeking to influence control of Universal Health Services.
